World & BusinessStarboard reportedly takes significant stake in construction firm Knife River
The Wall Street Journal, citing people familiar with the matter, reports that the activist investor plans to push Knife River to improve its margins or explore a sale.
TLDR
The Wall Street Journal reports, citing people familiar with the matter, that Starboard Value has taken a significant stake in Knife River and plans to push the construction company to improve its margins or explore a sale. The Journal also says Knife River’s stock fell more than 7% on September 23 after the company predicted continued headwinds.
Starboard reportedly takes significant stake in construction firm Knife River
The Wall Street Journal, citing people familiar with the matter, reports that the activist investor plans to push Knife River to improve its margins or explore a sale.